Fed Chair Pick Could Sink Dollar Further
Update: 2026-01-01
Description
The US dollar faces its steepest annual decline in eight years, with investors warning of further drops if the next Fed chair pushes for deeper rate cuts. The Fed, particularly Jerome Powells term ending soon, is the biggest influence on the dollar in the first quarter. At least two rate cuts are expected next year, setting the US apart from peers like Europe and Canada. President-elect Trumps pick for the next Fed chair, hinted at but not yet announced, could significantly impact the dollars trajectory. Candidates like Hassett, Warsh, Waller, Bowman, and Rieder from BlackRock are in the running, with their choices potentially leading to further dollar weakness or a boost.
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